People: UBS Hires Global Heads of Securities, Distribution

UBS hires ex-Morgan Stanley executives Shear as global securities head in Stamford and Hoornweg as distribution head in London [Investment Dealers' Digest]

Northern Trust shifts Robertson to newly created role heading sales and service for multi-asset class business. McInerney succeeds him as head of global advisors unit [Northern Trust]

Commodities hedge fund Vollero Beach Capital hires Beard as president, Sibila as senior energy analyst [FINalternatives]

Investor Michael Levin launches advisory firm to assist shareholder activism [Hedgetracker]

LPL sales manager Bruton given authority over hybrid platfrom. Firm also elevates Norton to SVP [Investment News]

Italian restructuring advisory boutique Pactum Advisers hires ex-Lehman asset management head [Financial News, via WSJ]

Gerry Catenacci said to shut Principled Capital Management hedge fund and return money to investors [ClusterStock]